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Trump considers delisting Chinese firms from U.S. markets: sources

September 28, 2019 by  
Filed under News

President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.


Source: Reuters Business News

BP preparing to announce CEO's plan to retire: Sky News

September 28, 2019 by  
Filed under News

BP Plc is preparing to announce that the British oil company’s chief executive, Bob Dudley, plans to retire within about 12 months, Sky News reported https://bit.ly/2nuYqLQ on Saturday.


Source: Reuters Business News

Motorbike ride sharing alleviates Dhaka traffic chaos

September 28, 2019 by  
Filed under News

(This September 27 story corrects name of Pathao Chief Executive to Hassan M. Elius, not Hassan Melius, in paragraphs 6, 7.)


Source: Reuters Business News

After WeWork debacle, IPO market slams brakes on unprofitable companies

September 28, 2019 by  
Filed under News

Companies making their debut on the U.S. stock market are getting a rough welcome, especially if they are losing money, casting a shadow over the calendar for initial public offerings for the rest of the year.


Source: Reuters Business News

Spillover: world economies' next big headache

September 28, 2019 by  
Filed under News

Factories have been the first victims of the Trump-era global trade rows. Now the question is how much their troubles will spread to other parts of the world’s biggest economies: the so-called spillover effect.


Source: Reuters Business News

Exclusive: Hedge fund D.E. Shaw to push for break-up of Emerson – sources

September 27, 2019 by  
Filed under News

Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co and is planning to push for changes, including a potential break-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday.


Source: Reuters Business News

Marathon's board backs CEO amid calls for his ouster

September 27, 2019 by  
Filed under News

Marathon Petroleum Corp said on Friday the top U.S. refiner’s board supported Gary Heminger staying on as chief executive officer amid calls for his ouster from two top 10 shareholders.


Source: Reuters Business News

Fiat Chrysler to pay $40 million over inflated sales figures

September 27, 2019 by  
Filed under News

Fiat Chrysler Automobiles NV and its U.S. unit will pay $40 million for misleading investors about its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC).


Source: Reuters Business News

Apple will seek theater deals for movies before streaming: WSJ

September 27, 2019 by  
Filed under News

Apple Inc plans to give its feature-length film productions extended theatrical releases before making them available on its streaming TV service, the Wall Street Journal reported on Friday.


Source: Reuters Business News

Fed's Harker says central bank should 'hold firm' on rates

September 27, 2019 by  
Filed under News

Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he opposed the central bank’s September rate cut because the economy is strong and said he thinks the Fed should “hold firm” on interest rates.


Source: Reuters Business News

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